ValuEngine Lowers Jack in the Box (JACK) to Sell

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ValuEngine downgraded shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note issued to investors on Monday, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Jack in the Box from a hold rating to a sell rating in a research report on Tuesday, March 12th. Wells Fargo & Co reduced their price objective on shares of Jack in the Box from $96.00 to $95.00 and set an outperform rating for the company in a research report on Thursday, February 14th. Cowen reaffirmed a hold rating and issued a $81.00 price objective on shares of Jack in the Box in a research report on Tuesday, February 19th. Gordon Haskett raised shares of Jack in the Box from a hold rating to a buy rating in a research report on Wednesday, March 27th. Finally, Wedbush reissued a hold rating and set a $85.00 target price on shares of Jack in the Box in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $91.40.

JACK opened at $76.96 on Monday. Jack in the Box has a fifty-two week low of $74.19 and a fifty-two week high of $93.98. The stock has a market capitalization of $1.99 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.50 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. Jack in the Box had a net margin of 16.55% and a negative return on equity of 20.44%. The company had revenue of $290.80 million for the quarter, compared to analyst estimates of $275.26 million. During the same quarter in the prior year, the business posted $1.23 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Jack in the Box will post 4.25 earnings per share for the current fiscal year.

In other news, CFO Lance F. Tucker sold 517 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total transaction of $42,011.42. Following the completion of the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,113 shares of company stock valued at $89,004 over the last three months. Insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. JNBA Financial Advisors purchased a new stake in shares of Jack in the Box during the 4th quarter valued at approximately $31,000. Quadrant Capital Group LLC lifted its stake in shares of Jack in the Box by 1,815.0% during the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 726 shares in the last quarter. Strs Ohio lifted its stake in shares of Jack in the Box by 600.0% during the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,200 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Jack in the Box during the 4th quarter valued at approximately $197,000. Finally, First Trust Advisors LP purchased a new stake in shares of Jack in the Box during the 4th quarter valued at approximately $201,000. Institutional investors own 95.52% of the company’s stock.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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